Healthcare predictive analytics market to be valued $128.2b by 2033

Its growth is attributed to an increased adoption of EHRs and other digital systems.

The global market for healthcare predictive analytics is poised to reach $128.2b by 2033, growing at a compound annual growth rate (CAGR) of 24.3%, according to Allied Market Research.

The market’s expansion is attributed to the increased adoption of electronic health records (EHRs) and other digital healthcare systems leading to a surge in data.

Advancements in machine learning and artificial intelligence (AI) have further propelled the market, Allied Market Research said.

These technologies enable the development of more sophisticated predictive models capable of extracting complex insights from the industry’s datasets.

Meanwhile, a growing focus on value-based care and population health management has heightened the demand for predictive analytics solutions that can identify at-risk patients and optimise resource allocation.

Moreover, the urgent need to reduce costs and enhance patient outcomes is driving healthcare organisations to invest in such tools for early detection, improved treatments, and better operational efficiency.